What is the current status of the availability of global electronic bank account statements. I think TWIST is driving this effort?
Answers
The Bank Services Billing Statement (BSB) is driven by TWIST. It allows multi-national corporations to receive their bank fee information in a variety of currencies from virtually any bank in the world. The standard is fully developed and published and there are currently nine banks capable of producing it for one or more of their regions.
One additional bank is currently in testing and six others have publicly committed to providing the BSB file.
Dan,
Can you please share the names of the nine banks currently capable and the other seven that are in process?
Best regards,
Ernie
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Cash Management